China’s LNG Imports to Fall as Natural Gas Storage Nears Capacity

China’s natural gas in storage is nearing capacity, which could spell a decline in imports of liquefied natural gas, Bloomberg has reported, citing data releases from several regional gas storage hubs. If this year’s winter is cold, imports of LNG should remain strong because the gas in storage would be used in full. If the winter is mild, however, demand for additional LNG supplies could decline, the report noted, recalling China’s efforts in recent years to secure enough gas for heating season after a couple of severe shortages.…